Spurriergate Trading Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02490408 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

SPURRIERGATE TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTORS:

R Staples

K M Steven

J M W Somerville

J Ransford

SECRETARY:

J M W Somerville

REGISTERED OFFICE:

St Michael's Chambers

Spurriergate

York

YO1 9QR

REGISTERED NUMBER:

02490408 (England and Wales)

ACCOUNTANTS:

Graham Sunley & Co Limited

Chartered Certified Accountants

52 Front Street

Acomb

York

North Yorkshire

YO24 3BX

FIXED ASSETS

Tangible assets

2

14,718

17,314

CURRENT ASSETS

Stocks

8,272

6,933

Debtors

3,668

4,315

Cash at bank and in hand

14,524

15,688

26,464

26,936

CREDITORS

Amounts falling due within one year

86,580

80,851

NET CURRENT LIABILITIES

(60,116

)

(53,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,398

)

(36,601

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(45,400

)

(36,603

)

SHAREHOLDERS' FUNDS

(45,398

)

(36,601

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 December 2014 and were signed on its behalf by:

J Ransford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover is stated excluding value added tax. Specific areas of turnover are recognised as follows:

- Shop and restaurant takings are recognised as turnover at point of sale, all sales are cash sales.

- Consultancy and income from other events is based on the value of work carried out in the year.

Tangible fixed assets

All assets are initially recorded at cost.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery etc - 15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Going concern

The Trustees of St Michael's Trust York, the company's controlling party have pledged to not withdraw their

support to the company. The Directors are of the opinion that the company can trade profitably in the future and

therefore the going concern basis has been adopted in preparation of these accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

61,820

DEPRECIATION

At 1 April 2013

44,506

Charge for year

2,596

At 31 March 2014

47,102

NET BOOK VALUE

At 31 March 2014

14,718

At 31 March 2013

17,314

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

1

2

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Spurriergate Trading Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Spurriergate Trading Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Spurriergate Trading Limited and state those matters that we have agreed to state to the Board of Directors of

Spurriergate Trading Limited, as a body, in this report in accordance with the requirements of the Association of

Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a

body, for our work or for this report.

It is your duty to ensure that Spurriergate Trading Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Spurriergate

Trading Limited. You consider that Spurriergate Trading Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Spurriergate Trading

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Graham Sunley & Co Limited

Chartered Certified Accountants

52 Front Street

Acomb

York

North Yorkshire

YO24 3BX

2 December 2014